Balances

This section provides information on balances for schools

B01: committed revenue balances

Includes:

  • committed cumulative balance of income, including any committed revenue balances carried over from previous years, less expenditure from revenue funding sources during the financial year and any clawback of committed balances during the year by the local authority
  • any unspent voluntary income brought into the public accounts in the financial year for specific purposes
  • any earmarked public funds (in accordance with the terms of the local authority’s scheme)
  • any unspent and committed pupil-focused extended school funding and/or grants
  • unspent amount of current financial year’s pupil premium grant

Excludes:

  • any amount already spent during this year – all expenditure, regardless of how it was funded, should be recorded under the most appropriate expenditure heading in the framework
  • details of balances available in trust funds or other non-public accounts
  • any uncommitted balances (see B02)
  • any community-focused school balances (see B06)

Further information

Please include details of the items that this balance is earmarked for in the text fields when submitting your consistent financial reporting return at the end of the financial year. Please note that this figure cannot be a NEGATIVE. Commitments can only be made up to the value of balances available; further expenditure will need to be made out of future income. Any negative balances should be shown in B02.

B02: uncommitted revenue balances

Includes:

  • uncommitted cumulative balance of income, including any uncommitted revenue balances from previous years, less expenditure from revenue funding sources during the financial year and any clawback of uncommitted balances during the year by the local authority

Excludes:

  • capital revenue balances (see B03 and B05)
  • committed balances (see B01)
  • community-focused school balances (see B06)

B03: devolved formula capital balance

Includes:

  • devolved formula capital including roll-over from previous years

Excludes:

  • any other capital balances (see B05)

B05: other capital balances

Includes:

  • sum of all other capital balances not already accounted for – this includes capital funding received during previous financial years from specific grants which no longer exist

Excludes:

  • balances that appear in the framework in B01 to B03

B06: community-focused school revenue balances

Includes:

  • any unspent community-focused school balances
  • any carried forward community-focused school balances from previous years

Excludes:

  • pupil-focused extended school balances (see B01 or B02) 

OB01: opening pupil-focused revenue balance

Sum of B01 and B02 from previous financial year.

OB02: opening community-focused revenue balance

Value of B06 from previous financial year.

OB03: opening capital balance

Sum of B03 and B05 from previous financial year.